Governance

$TOFI will evolve into a governance token for the Tokery platform. Token holders will be able to propose and vote on changes such as:

Protocol parameters (e.g., fee percentages, staking reward rates, which KYC providers to partner with, etc.).
Adding support for new jurisdictions or asset types (since that may involve legal work or risk, the community could vet it).
Treasury allocation (Tokery will accumulate fees in part as $TOFI or other currencies; holders can decide how to use these for development, buybacks, etc.).
Eventually, governance might even elect certain oversight committees or validate new node operators when TokeryChain launches.
To prevent governance attacks, typically only significant $TOFI stakers or long-term holders may get full voting rights (mechanisms like time-weighted voting or veTOFI (vote-escrowed) could be considered). In any case, community governance ensures decentralization of the platform’s future, giving investors a voice.

Last updated 2 days ago

$TOFI will evolve into a governance token for the Tokery platform. Token holders will be able to propose and vote on changes such as:

Protocol parameters (e.g., fee percentages, staking reward rates, which KYC providers to partner with, etc.).
Adding support for new jurisdictions or asset types (since that may involve legal work or risk, the community could vet it).
Treasury allocation (Tokery will accumulate fees in part as $TOFI or other currencies; holders can decide how to use these for development, buybacks, etc.).
Eventually, governance might even elect certain oversight committees or validate new node operators when TokeryChain launches.
To prevent governance attacks, typically only significant $TOFI stakers or long-term holders may get full voting rights (mechanisms like time-weighted voting or veTOFI (vote-escrowed) could be considered). In any case, community governance ensures decentralization of the platform’s future, giving investors a voice.

Last updated 2 days ago